Award-winning global customer service.
★★★★★ 5/5
Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.
![](https://dimovtax.com/wp-content/uploads/2019/08/macbook-pro-mockups-Vol16-B-728x485.jpg)
A child of yours is always precious whether directly or through surrogacy and the joy of receiving your child through surrogacy is equally the same. But surrogacy has some legal and financial aspects whose understanding is crucial for both intended parents and gestational carriers (surrogates).
Therefore, the guide elicits all the necessary explanation on tax implications of surrogacy to avoid any unforeseen circumstances by the US legalities:
Let us have a look at the tax implications of surrogacy for intended parents:
These payments, however, are considered as adoption related expenses and you might be eligible to claim some of the tax credit on this type of expenses.
Let us have a look at the tax implications of surrogacy for gestational carriers or surrogates:
Whether as a surrogate you qualify for paying such taxes or not can only be determined through assistance by qualified tax experts like Dimovtax.com.
Below is a list of essential documents that you must keep handy:
Surrogacy and its tax implications are quite crucial for both the surrogates and for intended parents. If they fail to understand these legal obligations they might not be able to properly file their income tax return accurately and may lose on potential tax credits.
To better understand these tax implications of surrogacy it is essential to seek expert guidance from qualified tax experts such as Dimovtax.com to in order file your federal income tax return accurately.
Call us today at (833) 829-1120, email us at info@dimovtax.com, or fill out the form and we’ll get in touch immediately.
"*" indicates required fields
Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.